LendProtocol Launches Fixed-Rate Lending Platform on XRP Ledger

LendProtocol has launched a CeFi lending platform built on the XRP Ledger, enabling XRP and RLUSD holders to earn passive income through fixed-rate lending. The platform offers a 12% APR with daily payouts, no lock-up period, and guaranteed protection of depositor capital.

XRP cannot be staked in the traditional sense, as it uses a consensus mechanism called Federated Byzantine Agreement (fBFT), not Proof-of-Stake. LendProtocol fills this gap by providing an alternative way for XRP holders to earn yield through lending.

The platform's risk model is its clearest point of differentiation, with LendProtocol absorbing the loss if a borrower defaults, protecting depositor capital. Over 743 million XRP in loans have been facilitated across 13,713+ active lenders on the platform.